European Securities and Markets Authority (Esma)
June 2018: It’s Not About Winning, It’s About Compliance
Do you know your APA from your CDO? Max summarizes the topics covered in this month's issue of Inside Data Management.
Bank Execs Call for Regulatory Harmonization and Cross-Border Clarity
Panelists discuss operational issues involved in cross-border compliance with Mifid II.
Mifid II’s Reference Data Problems Drag On
Nearly half a year after Mifid II went live, sticky reference data issues are standing in the way of smooth compliance operations.
Wavelength Podcast Episode 123: An Examination of the SGX-NSE Row; Esma Targets Reporting Platforms
Wei-Shen Wong joins to discuss the brewing battle between the SGX and NSE and Anthony and James look at Esma's shot at reporting platforms.
APAs Under Pressure as Esma Cracks Down on Data Tangle
Reporting platforms told by regulator to substantially improve quality of publicly reported data.
Mifid II’s ‘Free’ Data Lockdown
Traders say Mifid II transparency is failing partly as a result of questionable practices by trading venues and APAs, which publish pre- and post-trade data, and that the data is not always available to the public for free as the law requires
Reference Data Standards Reaching ‘Peak Implementation’
The wide adoption of reference data and accompanying standards creates both opportunities and challenges, said Cusip Global Services vice president and COO at the North American Financial Information Summit.
LEI Uptake Still Brisk Post-Mifid II Deadline
The lead-up to Mifid II led to a huge jump in Legal Entity Identifiers issued, and LEI uptake continues to break records through Q1 2018.
RTS 28 Data Requirements ‘Misleading, Confusing’
Mifid II’s RTS 28 reporting requirements require data that may be of little value, or worse, could be misleading.
Wary Brokers Sound Alarm on Mifid II's RTS 28
Brokers are concerned that reports on best execution, due in just a few days, may be too onerous to produce in full.
Regulators Warn on Phishing Scams
Increasingly sophisticated schemes are targeting firms and individuals, watchdogs say.
European Watchdogs Warn on Cyber, Cloud and CCPs
The bloc’s primary financial regulators say immediate work is needed to protect systems.
SmartStream Shifts Strategy on SI Data
Smartstream RDU, which had previously announced it would take a utility approach to centralizing and sharing SI data, announces an SI Registry in collaboration with six APAs.
For Systematic Internalizers, Volumes Only Tell Half the Story
Identifying what constitutes true trading activity and addressable liquidity is key to analyzing the success of market reform, experts say.
March 2018: Regulatory Watchdogs Show Their Teeth
After some questioned ESMA's resolve, the regulator is stepping up its enforcement efforts. Max reviews how ESMA wants market participants to know that its bite can be worse than its bark.
Esma Wades In: Regulator Targets Rating Agency Fees
Data consumers have long-bemoaned the fees charged by rating agencies, citing prices and a lack of transparency around how fees are set as key concerns. With no response from the agencies to user groups, Esma is now weighing in on the subject. Pauline…
Esma Probes APAs Amid Mifid Trade Data Issues
Approved Publication Arrangements—a critical component in the new Mifid II European markets regulation—may be falling short of their requirements under the new transparency rules, and have drawn Esma’s attention. By Samuel Wilkes, with additional…
Light at the End of the Tunnel, But Will Mifid Dark Pool Rules Add Up?
Esma has released the first figures to support Mifid II’s caps on the percentage of equities trading that can be transacted on dark pools. However, critics warn that although the delay has given Esma more time to validate data and clean up queries, the…
Bitfinex Bolsters Surveillance Capabilities with Irisium Platform
Irisium Surveillance will help the bitcoin exchange to better monitor for volume manipulation, wash-trading and fake liquidity.
After Delays, Esma Publishes Double Volume Cap Data
European regulator sends a message to the market that Mifid II will be enforced with this data release, experts say.
ECB Chief Doubles Down on CCP Brexit Debate
Mario Draghi says European authorities must have direct supervision of non-EU CCPs
Europe’s Mifid Monster Lurches to Life
January 3 went smoothly for many, but the launch of Europe's far-reaching reform package wasn't without problems.
FCA Names International Director, Esma Refreshes Board
UK regulator appoints Nausicaa Delfas executive director of international, while Esma replaces two outgoing board members.
January 2018: Getting Your Bitcoin’s Worth
Financial firms spent a lot of last year focused on Mifid II compliance, but also clearly spent significant time following the ups and downs of cryptocurrencies - and assessing whether to invest in this new asset class.